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Walk the Line

With the annual federal budget closing in on $2,710,000,000,000, Republicans on both sides of Pennsylvania Avenue are showing signs of rediscovering their long-lost fiscal conscience.

This week two House Republican conservatives -- Jeb Henserling of Texas and Mike Pence of Indiana -- outlined a budget proposal that would cut federal spending by $600 billion over the next six years. That's out of an estimated $16 trillion in spending over the same period, and would probably balance the budget by 2012. Their plan has no chance...